Post by
oiltar on May 12, 2016 10:19am
How undervalued is PGD?
JK compares Chidliak to a 4 million oz gold deposit grading 10gt at the surface.
Gold Corp just bid $520 million for KAM
Kam has the Coffee gold deposit. Its about a 4 million oz deposit grading 1.45gt and a 200,000 oz per yr production profile. At $1275 gold price the cash flow is $250 million.
CH-6 is (10 gt gold )and at 1.5 million ct per year is $500 million CDN for only $60 million???
PGD IS GOING TO FLY!!!
Comment by
MrBigger on May 12, 2016 10:49am
So much for SBB being aquired eh Oily???? Big difference between KAM and PGD. It is called accessibility. PGD is in a terrible place to get anything done. How long have they been at it with big backer's and not even a PEA yet. 10 years and counting. Took Copper Fox 10 years from PEA to complete FS will PGD be similar?? Maybe in a decade something will happen. CUU still waiting.
Comment by
mill44 on May 12, 2016 11:32am
Oiltar, it looks like the market considers PGD overvalued. It's not like it never made a mistake before, but for now that flying will be low.